NEV Taxis Market Report 2025 (Global Edition)

Global NEV Taxis Market Report 2025 Market Size Split by NEV Type Outlook: (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle), by Vehicle Sub-type Outlook: (Hatchback...

NEV Taxis Market Report Description

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Competitive Landscape of the Nev Taxi Market

The NEV taxi market’s competitive landscape features established automakers, emerging EV manufacturers, and ride-hailing companies investing in electric fleets. Key players focus on technological innovation, expanding charging infrastructure, and strategic partnerships. Intense competition drives the introduction of affordable models, battery advancements, and enhanced customer services. Market differentiation increasingly hinges on sustainability, operational efficiency, and government collaboration to meet evolving regulations and consumer demands.

In August 2024, Darsh Dronobotics Systems announced its partnership with Trouve Innovation Hub Inc., a Canadian-based company, to develop a hydrogen-powered five-seater air taxi. The collaboration aimed to combat climate change and reduce carbon emissions in the mobility and aviation sectors. Trouve Innovation Hub Inc. played a key role in helping Darsh Dronobotics Systems secure funding for building a full-scale prototype of the hydrogen-air taxi. (Source: https://economictimes.indiatimes.com/industry/renewables/darsh-dronobotics-ties-up-with-trouve-innovation-hub-for-development-of-hydrogen-air-taxi/articleshow/112949743.cms?from=mdr) In May 2024, Anand Mahindra revealed images of India's first electric flying taxi prototype, marking a significant milestone in the country's progress toward electric air mobility. Developed by the ePlane Company, an initiative at the renowned Indian Institute of Technology (IIT) Madras, the prototype was set to become operational, highlighting India's advancements in innovation. (Source: https://economictimes.indiatimes.com/news/india/anand-mahindra-unveils-indias-first-electric-flying-taxi-prototype-praises-iit-madras-innovation/articleshow/110031111.cms?from=mdr)

Top Companies Market Share in NEV Taxis Industry: (In no particular order of Rank)

• BYD Auto Co. Ltd.
• Changan Automobile Co. Ltd
• Anhui Jianghuai Automobile Co Ltd (JAC)
• Toyota Motor Corporation
• Beiqi Foton Motor Co. Ltd.
• Nissan Motor Corporation
• Industry Holding Co. Ltd. (BAIC)
• Beijing Automotive
• Daimler AG
• Dongfeng Nissan Passenger Vehicle Company
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Nev Taxi Market

Which Region Dominates the Nev Taxi Market in 2025?

According to Cognitive Market Research, North America dominates the Nev taxi market due to strong government incentives, advanced charging infrastructure, and widespread adoption of electric vehicles. Urban areas are increasingly adopting sustainable transportation options supported by favorable regulations and environmental goals. The expansion of ride-hailing services and investments in electric fleets further cement North America's leadership in the growing NEV taxi market.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is the fastest-growing region in the NEV taxi market, driven by rapid urbanization, supportive government policies, and increasing environmental awareness. The region benefits from expanding charging infrastructure, technological advancements in electric vehicles, and strong demand for sustainable transportation. Additionally, ride-hailing services in major cities are rapidly adopting electric taxis, further boosting market growth.

The current report Scope analyzes NEV Taxis Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America NEV Taxis Market Analysis

According to Cognitive Market Research, the global Nev Taxi market size was estimated at USD 155624.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 62249.84 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.0% from 2025 to 2033.

United States Nev Taxi market size is USD 49115.12 million in 2025

According to Cognitive Market Research, the US had a major share in the Nev Taxi market with a market size of USD 49115.12 million in 2025 and is projected to grow at a CAGR of 1.8% during the forecast period. The US holds a major share in the NEV taxi market, driven by government incentives and infrastructure development.

Canada Nev Taxi market size is USD 7469.98 million in 2025

The Canada Nev Taxi market had a market share of USD 7469.98 million in 2025 and is projected to grow at a CAGR of 2.8% during the forecast period. Canada's NEV taxi market is rapidly growing due to green policies and increasing urban sustainability initiatives.

Mexico Nev Taxi market size is USD 5664.74 million in 2025

The Mexico Nev Taxi market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 5664.74 million in 2025..

Europe NEV Taxis Market Analysis

According to Cognitive Market Research, the global Nev Taxi market size was estimated at USD 155624.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 46687.38 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.3% from 2025 to 2033.

United Kingdom Nev Taxi market size is USD 7843.48 million in 2025

The United Kingdom Nev Taxi market had a market share of USD 7843.48 million in 2025 and is projected to grow at a CAGR of 3.1% during the forecast period. The UK is leading the NEV taxi market with strong government incentives and growing demand for sustainable transport.

France Nev Taxi market size is USD 4295.24 million in 2025

The France Nev Taxi market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 4295.24 million in 2025.

German Nev Taxi market size is USD 9244.10 million in 2025

According to Cognitive Market Research, the German Nev Taxi market size was valued at USD 9244.10 million in 2025 and is projected to grow at a CAGR of 2.5% during the forecast period. Germany's growing NEV taxi market is fueled by strong environmental policies and technological advancements in electric vehicles.

Italy Nev Taxi market size is USD 4015.11 million in 2025

The Italy Nev Taxi market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 4015.11 million in 2025.

Russia Nev Taxi market size is USD 7236.54 million in 2025

The Russia Nev Taxi market is projected to witness growth at a CAGR of 1.3% during the forecast period, with a market size of USD 7236.54 million in 2025

Spain Nev Taxi market size is USD 3828.37 million in 2025

The Spain Nev Taxi market is projected to witness growth at a CAGR of 1.4% during the forecast period with a market size of USD 3828.37 million in 2025

Luxembourg Nev Taxi market size is USD 1447.31 million in 2025

The Luxembourg Nev Taxi market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 1447.31 million in 2025.

Portugal Nev Taxi market size is USD 980.43 million in 2025

The Portugal Nev Taxi market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 980.43 million in 2025

Greece Nev Taxi market size is USD 560.25 million in 2025

The Greece Nev Taxi market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 560.25 million in 2025.

Rest of Europe Nev Taxi market size is USD 7236.54 million in 2025

The Rest of Europe's Nev Taxi market is projected to witness growth at a CAGR of 1.0% during the forecast period, with a market size of USD 7236.54 million in 2025.

Asia Pacific NEV Taxis Market Analysis

According to Cognitive Market Research, the global Nev Taxi market size was estimated at USD 155624.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 35793.66 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2033.

China Nev Taxi market size is USD 15033.34 million in 2025

According to Cognitive Market Research, the China Nev Taxi market size was valued at USD 15033.34 million in 2025 and is projected to grow at a CAGR of 5.3% during the forecast period. China commands the largest share of the NEV taxi market due to strong government support and widespread adoption.

Japan Nev Taxi market size is USD 4939.52 million in 2025

The Japan Nev Taxi market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 4939.52 million in 2025

India Nev Taxi market size is USD 4295.24 million in 2025

The India Nev Taxi market had a market share of USD 4295.24 million in 2025 and is projected to grow at a CAGR of 7.6% during the forecast period. India's fastest-growing NEV taxi market is supported by government incentives and rising demand for sustainable transportation solutions.

South Korea Nev Taxi market size is USD 3579.37 million in 2025

The South Korean Nev Taxi market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 3579.37 million in 2025

Australia Nev Taxi market size is USD 1861.27 million in 2025

The Australian Nev Taxi market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 1861.27 million in 2025

South East Asia Nev Taxi market size is USD 2469.76 million in 2025

The South East Asia Nev Taxi market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 2469.76 million in 2025.

Taiwan Nev Taxi market size is USD 1145.40 million in 2025

The Taiwan Nev Taxi market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 1145.40 million in 2025.

Rest of Asia Nev Taxi market size is USD 2469.76 million in 2025

The Rest of Asia Pacific Nev Taxi market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 2469.76 million in 2025.

South America NEV Taxis Market Analysis

According to Cognitive Market Research, the global Nev Taxi market size was estimated at USD 155624.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 7781.23 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2025 to 2033.

Brazil Nev Taxi market size is USD 3330.37 million in 2025

According to Cognitive Market Research, the Brazil Nev Taxi market size was valued at USD 3330.37 million in 2025 and is projected to grow at a CAGR of 3.8% during the forecast period. Brazil dominates the NEV taxi market due to strong government policies and increasing sustainability efforts.

Argentina Nev Taxi market size is USD 1307.25 million in 2025

Argentina's Nev Taxi market had a market share of USD 1307.25 million in 2025 and is projected to grow at a CAGR of 4.1% during the forecast period. Argentina's growing NEV taxi market is fueled by government policies promoting sustainability and the adoption of electric vehicles.

Colombia Nev Taxi market size is USD 692.53 million in 2025

Colombia Nev Taxi market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 692.53million in 2025

Peru Nev Taxi market size is USD 638.06 million in 2025

Peru Nev Taxi market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 638.06 million in 2025.

Chile Nev Taxi market size is USD 560.25 million in 2025

Chile Nev Taxi market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 560.25 million in 2025

Rest of Latin America Nev Taxi market size is USD 1252.78 million in 2025

The Rest of Latin America's Nev Taxi market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 1252.78 million in 2025.

Middle East NEV Taxis Market Analysis

According to Cognitive Market Research, the global Nev Taxi market size was estimated at USD 155624.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 3112.49 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2025 to 2033..

GCC Countries Nev Taxi market size is USD 1332.15 million in 2025

The GCC Countries Nev Taxi market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 1332.15 million in 2025. GCC Countries control the NEV taxi market through strong policies and investments in electric vehicle infrastructure and sustainability.

Egypt Nev Taxi market size is USD 326.81 million in 2025

The Egypt Nev Taxi market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 326.81 million in 2025.

South Africa Nev Taxi market size is USD 491.77 million in 2025

The South Africa Nev Taxi market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 491.77 million in 2025. South Africa's growing NEV taxi market is fueled by increasing demand for sustainable transportation and supportive government policies.

Turkey Nev Taxi market size is USD 267.67 million in 2025

The Turkey Nev Taxi market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 267.67 million in 2025.

Nigeria Nev Taxi market size is USD 326.81 million in 2025

The Nigeria Nev Taxi market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 326.81 million in 2025.

Rest of MEA Nev Taxi market size is USD 367.27 million in 2025

The Rest of the MEA Nev Taxi market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 367.27 million in 2025

NEV Taxis Market Analysis

How are Segments Performing in the Global Nev Taxi Market?

Nev Taxi Market NEV Type Segment Analysis

According to Cognitive Market Research, battery electric vehicles (BEVs) capture a major share of the NEV taxi market due to their zero-emission nature and cost efficiency. Enhanced battery technology, offering longer ranges and faster charging times, has made BEVs a preferred choice for taxi operators. Supportive government policies, including subsidies and tax benefits, further encourage BEV adoption. The growing availability of affordable BEV models also contributes significantly to their dominance in the NEV taxi segment.

The plug-in hybrid electric vehicle (PHEV) segment is emerging as the fastest-growing category in the NEV taxi market. Its ability to combine electric and fuel-powered propulsion makes it a preferred choice for operators seeking longer ranges with lower emissions. Advances in hybrid technology, increased fuel efficiency, and growing infrastructure support for charging are contributing to the rapid adoption of PHEVs as a sustainable solution within the taxi sector.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of NEV Taxis Industry. Request a Free Sample PDF!

Nev Taxi Market Vehicle Sub-type Segment Analysis

According to Cognitive Market Research, hatchbacks account for a dominant share of the NEV taxi market due to their compact design and cost-efficiency. These vehicles are well-suited for urban environments, offering easy maneuverability in congested areas. Their affordability and lower maintenance costs make them a preferred choice for taxi operators. Additionally, hatchbacks with electric powertrains provide adequate range and energy efficiency, meeting the needs of daily commuting and short-distance passenger transportation.

The utility vehicle segment is emerging as the fastest-growing segment in the NEV taxi market, supported by its versatility and ability to accommodate diverse passenger and cargo needs. Increasing adoption of shared mobility services is boosting demand for these vehicles, particularly in urban and suburban areas. Enhanced battery performance and improved range are making utility vehicles a preferred choice for operators, contributing significantly to their rapid growth within the NEV taxi market.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

NEV Taxis Ownership Outlook: Segment Analysis

Nev Taxi Market Ownership Segment Analysis

According to Cognitive Market Research, the company-owned segment accounts for the largest share of the NEV taxi market, supported by streamlined operations and better cost management. Companies owning electric taxi fleets benefit from centralized decision-making and improved efficiency, ensuring consistent service quality. This model also allows easier adoption of electric vehicles due to access to funding and partnerships with manufacturers. Additionally, company-owned fleets can integrate advanced technologies and charging solutions more effectively, enhancing market competitiveness.

The individual-owned or private segment is emerging as the fastest-growing category within the NEV taxi market. The increasing affordability of electric vehicles and rising awareness about environmental benefits are encouraging individuals to adopt NEV taxis. Government subsidies and tax benefits further make owning electric vehicles more appealing. The shift toward flexible work environments and ride-hailing platforms is also boosting demand for privately owned NEV taxis as a sustainable and cost-effective transportation solution.

• Company Owned
• Individual Owned/Private

NEV Taxis Range Type Outlook: Segment Analysis

Nev Taxi Market Range Type Segment Analysis

According to Cognitive Market Research, the intra-city segment accounts for a substantial share of the NEV taxi market, supported by the growing need for efficient urban transportation. Increased adoption of electric vehicles for short-distance travel in densely populated areas contributes to this trend. Favorable government policies and the development of charging infrastructure in urban regions further enhance the appeal of NEV taxis. The demand for eco-friendly transportation alternatives aligns with the rising preference for intra-city travel solutions.

The intercity segment is emerging as the fastest growing in the NEV taxi market due to increasing demand for eco-friendly long-distance transportation. Improved battery ranges and the expansion of fast-charging networks make electric taxis more viable for intercity travel. Additionally, rising fuel costs and growing consumer preference for sustainable travel options are encouraging operators to adopt NEVs for intercity services, contributing to the rapid growth of this segment.

• Intercity
• Intra-city

NEV Taxis Vehicle Level Outlook: Segment Analysis

Nev Taxi Market Vehicle Level Segment Analysis

According to Cognitive Market Research, entry and mid-level electric vehicles dominate the NEV taxi market, capturing the largest share due to their affordability and accessibility for taxi operators. These vehicles offer lower upfront costs, making them an attractive option for fleet owners looking to transition to electric alternatives. With growing demand for cost-effective and environmentally friendly transportation solutions, these segments are poised for continued growth in the NEV taxi sector.

The premium segment of the NEV taxi market is the fastest growing, driven by increasing demand for high-end electric taxis offering superior features and performance. Customers seek comfort, advanced technology, and luxury services in addition to environmental benefits. These premium vehicles are equipped with longer battery ranges, faster charging capabilities, and cutting-edge infotainment systems. The segment's growth is fueled by affluent consumers and business operators looking to offer high-quality green transportation options.

• Entry & Mid-level
• Premium

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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